World · Malaysia Bureau
Vietnam launches cash incentive scheme to reverse declining birth rates
Vietnam will offer a one-time financial payment to women who have two children before turning 35, beginning in 2027, as the Southeast Asian nation grapples with a demographic crisis threatening its economic future.
LSN Malaysia ·
The Vietnamese government is introducing a monetary incentive worth approximately US$154 to encourage higher birth rates among younger women. The payment will be distributed starting in 2027 to women who meet specific criteria, including giving birth to at least two children and completing pregnancies before reaching age 35.
The initiative reflects growing concerns among policymakers about Vietnam's shrinking population and aging society. Like several other countries in the region, Vietnam faces challenges stemming from lower fertility rates, which could strain economic growth and social welfare systems in coming decades.
The one-off payment represents one of several policy approaches governments have employed to address demographic challenges. Officials have framed the measure as part of broader efforts to support families and reverse population trends that threaten long-term economic stability.
The scheme's implementation in 2027 will provide policymakers with time to assess feasibility and potentially adjust the program based on demographic needs and government resources.